Azkoyen (XMAD:AZK) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

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What is Azkoyen LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Azkoyen's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

Azkoyen's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.12). It may suggest that Azkoyen is progressively becoming less dependent on debt to grow their business.

Azkoyen LT-Debt-to-Total-Asset Historical Data

The historical data trend for Azkoyen's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Azkoyen LT-Debt-to-Total-Asset Chart

Azkoyen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.10

0.05

0.16

0.12

Azkoyen Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.17	0.16	0.14	0.12

Azkoyen LT-Debt-to-Total-Asset Calculation

Azkoyen's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	25.436	/	214.891
	=	0.12

Azkoyen's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	25.436	/	214.891
	=	0.12

Azkoyen (XMAD:AZK) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Azkoyen LT-Debt-to-Total-Asset Related Terms

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Azkoyen (XMAD:AZK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azkoyen SA (XMAD:AZK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AKK:Germany

Address

Avenida San Silvestre, Navarra, s/n. Peralta, ESP, 31350

Website

https://www.azkoyen.com

Azkoyen SA designs manufacture and sells technological solutions for payment systems, vending machines, security systems, and access control. The company operates through time and security, payment technologies, and coffee and vending systems segments. The company generates maximum revenue from the coffee and vending systems segment. The coffee and vending systems segment offers the consumption of raw materials for product packaging, the generation of non-hazardous waste, and the consumption of water and energy for the operation of the facilities. Geographically, the company derives a majority of its revenue from Germany and also has a presence in Spain; Italy; the United Kingdom; the Rest EU; the Rest of the OECD, and the Rest of the World.

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